Capital One restricts third-party data access, upsets customers


  • TECH
  • Thursday, 28 Jun 2018

** ADDS SECOND SENTENCE ** FILE - In this file photo taken April 25, 2008, New York buildings are reflected in the window of a Capital One bank branch window. Capital One Financial Corp. said Thursday, April 21, 2011, its first-quarter net income soared by 60 percent thanks to improvement in its credit card business. (AP Photo/Mark Lennihan, File)

Capital One Financial Corp is limiting how account data flows to outside apps for managing finances, prompting a backlash from the bank’s customers who say they have been locked out of their own information. 

A technology upgrade led to the disruption, people familiar with the situation said. Plaid Technologies, whose software is used to connect banks with third parties, is unable to link with some Capital One accounts, according to the people, who requested anonymity because they weren’t authorised to speak publicly. 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

In the US, scammers are targeting students with fake job offers
An AI-controlled fighter jet took the US Air Force leader for a historic ride. What that means for war
‘Everybody is vulnerable’: Fake US school audio stokes AI alarm
This annoying habit could be damaging your relationship, experts say
Paving the way for fully recyclable printed circuit boards
Career comeback: How these Malaysians overcame setbacks en route to success
Foxconn reiterates Q2 revenue to grow, posts record April sales
EU forces Apple to also allow alternative app stores on iPads
TikTok blocks 37 million suspicious product listings from online shop
Google Podcasts, one of the most popular podcast apps, to end in June

Others Also Read